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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: gastrodoc who wrote (45578)	2/7/2013 12:01:20 PM
From: Fintas	1 Recommendation Read Replies (1) of 220648

I've posted this before. It's not proprietary. It's basic math. What is proprietary is my methodology and any can copy that if they want to take the time to do it. It does take discipline. Or as I say unless you have someone doing it for you or some computer that is programmed to do it for you, oh well pick up a calculator, get out a piece of paper and being tracking. If one has access to a good data base it's easy to find a starting point. But again that takes work. NOW since I have been doing this for YEARS and have those I monitor I have the ranges. I can glance at a note book. Pick any stock you are watching ex GE at this moment is 22.36 The spxew is 2314 at this moment. So to get a real time look it's 22.36/2314= .0009662 x 1000 or to make it easy just drop the 3 zeros and .9662 or .966 NOW there's the number. .966. There it is. DOWN from where it recently peaked. And down from yesterday of .972 HMM you got to know where both of those numbers are or were and why I jot them down. Heck one can see the stock price but what was the RS. On it's on it means nada. Since it is dropping then one can see GE is dropping. BUT not necessarily UNDER performing the spxew because the spxew is also dropping. And if it were rising one would see GE is out performing the spxew. GIVEN there will be times the spxew or the spx will drop how the stock responds allows one to know are they selling or is someone buying underneath. NOW one can take a peek at some tool that provides a RSI. And often it can be heard well the rsi is above the this or under that. BUT a fast math will show you exactly where that RS is. So now let's go a step further. I plot that RS number. I use apprx 6% increments for each number. SO if I began at 1 then I would plot it with 6% increments.. of 1, 1.06. 1.123 and likewise for the down. 1. .94 884. There are services that do this. I tweak things as I tweak fibs. I do that to see what the masses do not see. BUT whether one looks at a provider or does it on their own. they get a range. They can plot that range. And if one were to overlay one will see support resistance line on many a chart. OH I did say this takes some work but once it is set up it's a breeze. In fact I have most of the numbers in my head for the stocks I monitor. So to make it easier. I know that GE had run to 1.06 actually . It did get very close to that 1.123 as GE pushed towards 24 but IT DID NOT hit it. That is important for I need that to be hit for it to be REAL. IF not it says to me..NOT YET. IF it is attempted x times and FAILS it tells me DOWN we go. That helps me to anticipate the down. Yes you can look at some squiggly line looking like it wants go down. This technique will SHOW you it going down. ALSO works to the UP. IT helps to anticipate the BUY as well as the sell. GE tried, failed and IS pulling back.Im not surprised. I EXPECTED IT. YET the range it has pulled back is NOT of concerned. It is still POSITIVE as to performance against SPX. meaning it's outperforming YOY etc. I also know from where GE dropped in 2009 down to the .66 area as the stock hit 5.87. I know where it has been in the past. I can run % to determine HOW far down it can go just as one would look to a 10ma/20/ma/30ma etc. I can also determine how far up. OFF the top of my head it's a 3ish. But from .966 do the math re %. i.e 3/.966 I take those numbers and match them to what I have considered re FA. I take those numbers and match them to a string. Those strings I use drive others nuts. That's because they do not understand them yet they are basic math. And when the combination makes sense OBJECTIVELY, I will conclude GE has upside to x and downside to y. Here and now I would not be surprised to see 20's. I also EXPECT 24.30/29.16/34.02 and higher. HOW I get there will be known over time. Yet it also allows me to determine x % down and Y% UP. BUT knowing where that RS is allows me to objectively see the price movement of the stock. GE is TRYING to bust up on a pattern that says give me 1.123. and that will allow for UPSIDE of 50-60%. WHY? I have that NUMBER from the past. That 50%-60% from the the area marked and that's apprx 32.00 for that first big move. That lines up with my moves up. To the down the % say. maybe 10% that says ok there's the 20 and 19.44 under. That allows me to be objective re rise or fall. Whereas I write covered calls it would help me consider if to write or not. And where I buy long term calls it allows me to sit and wait for that 20, watch time, watch premium and then buy when in range for that expect 27-29 which would offer 3-5 times if the buy and strike is right. So pick your stock. Get the number and track it. Most programs do it end of day. BUT that program does NOT see the hard moves as a APPLE just did interday OR a BAC back a bit. Knowing that number will help. Some will rely on othe tools. COOL. I use this one very effectively for I understand it. IF you need more go to PM for I can take a particular stock and give you a starting point to help you see movement. Fintas

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